Overview
- Hashrate Index data published in early April 2026 shows the network’s 30-day average hashrate fell to 1,004 EH/s from 1,066 EH/s quarter over quarter.
- Miner revenue per unit of compute, known as hashprice, slid to a record low near $27.89 per PH/s per day after Bitcoin dropped from about $126,000 in October to roughly $65,000 by February.
- About 252 EH/s of capacity went offline as rigs above roughly 25 J/TH or older than the Antminer S19 XP turned unprofitable where power costs exceed about $0.06 per kWh.
- Mining power remains concentrated, with the United States at 37.4%, Russia at 16.9%, and China near 12%, while hydro-rich Paraguay at about 4.3% and Ethiopia near 2.5% continue to gain share.
- Operators are shifting spending toward AI and high-performance computing contracts exceeding $70 billion, and the March 30 Mined in America Act proposes onshoring mining hardware production and creating a Strategic Bitcoin Reserve.